GLAMS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GLAMS
Largest movements
- Tangible fixed assets -€3,421
down €3,421 (-37.7%), from €9,077 to €5,656
of which Plant, machinery and equipment: -€3,384
- Cash +€2,397
up €2,397 (+36.8%), from €6,513 to €8,910
mainly Other debts (+€4,552) and Depreciation (+€3,421)
- Receivables within one year -€1,437
no longer reported in 2025 (was €1,437)
- Stocks and contracts +€1,252
up €1,252 (+1.8%), from €70,629 to €71,881
- Profit (loss) carried forward -€6,695
down €6,695 (-63.8%), from €10,498 to €3,803
- Other debts +€4,552
up €4,552 (+6.2%), from €73,762 to €78,314
- Gross operating margin -€7,268
down €7,268 (-98.0%), from €7,418 to €150
- Purchases and services +€5,524
up €5,524 (+5.9%), from €94,203 to €99,727
- Turnover +€3,541
up €3,541 (+3.7%), from €95,084 to €98,625
- Staff costs +€1,235
up €1,235 (+266.7%), from €463 to €1,698
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,656 | €86,447 | -€1,209 | -1.4% |
| Fixed assets | 21/28 | €9,077 | €5,656 | -€3,421 | -37.7% |
| Tangible fixed assets | 22/27 | €9,077 | €5,656 | -€3,421 | -37.7% |
| Plant, machinery and equipment | 23 | €9,015 | €5,631 | -€3,384 | -37.5% |
| Furniture and vehicles | 24 | €62 | €25 | -€37 | -59.7% |
| Current assets | 29/58 | €78,579 | €80,791 | +€2,212 | +2.8% |
| Stocks and contracts in progress | 3 | €70,629 | €71,881 | +€1,252 | +1.8% |
| Stocks | 30/36 | €70,629 | €71,881 | +€1,252 | +1.8% |
| Amounts receivable within one year | 40/41 | €1,437 | - | -€1,437 | |
| Trade receivables | 40 | €1,437 | - | -€1,437 | |
| Cash at bank and in hand | 54/58 | €6,513 | €8,910 | +€2,397 | +36.8% |
| Total equity and liabilities | 10/49 | €87,656 | €86,447 | -€1,209 | -1.4% |
| Equity | 10/15 | €13,498 | €6,803 | -€6,695 | -49.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,498 | €3,803 | -€6,695 | -63.8% |
| Amounts payable | 17/49 | €74,158 | €79,644 | +€5,486 | +7.4% |
| Amounts payable within one year | 42/48 | €74,158 | €79,644 | +€5,486 | +7.4% |
| Trade debts | 44 | - | €435 | +€435 | |
| Suppliers | 440/4 | - | €435 | +€435 | |
| Taxes, remuneration and social security | 45 | €396 | €895 | +€499 | +126.0% |
| Taxes | 450/3 | €388 | €793 | +€405 | +104.4% |
| Remuneration and social security | 454/9 | €8 | €102 | +€94 | +1175.0% |
| Other amounts payable | 47/48 | €73,762 | €78,314 | +€4,552 | +6.2% |
| Turnover | 70 | €95,084 | €98,625 | +€3,541 | +3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €94,203 | €99,727 | +€5,524 | +5.9% |
| Remuneration, social security and pensions | 62 | €463 | €1,698 | +€1,235 | +266.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,421 | €3,421 | = | 0.0% |
| Other operating charges | 640/8 | €861 | €1,001 | +€140 | +16.3% |
| Gross operating margin | 9900 | €7,418 | €150 | -€7,268 | -98.0% |
| Operating profit (loss) | 9901 | €2,673 | -€5,970 | -€8,643 | |
| Financial charges | 65/66B | €68 | €74 | +€6 | +8.8% |
| Recurring financial charges | 65 | €68 | €74 | +€6 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €2,605 | -€6,044 | -€8,649 | |
| Income taxes | 67/77 | €1,266 | €651 | -€615 | -48.6% |
| Profit (loss) for the period | 9904 | €1,339 | -€6,695 | -€8,034 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,339 | -€6,695 | -€8,034 |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.